Watco Signs Agreement to Acquire GLC (UPDATED 6/24)
Pittsburg, Kans.-based Watco Railroad Company Holdings, Inc. (Watco) on March 6 reported plans to add Great Lakes Central Railroad (GLC) to its short line portfolio pending approval by the Surface Transportation Board (STB). It has been an equity investor in the GLC since 2013 and now seeks ownership. The STB on May 30 instituted a proceeding.